SCHOENBAUM FAMILY ENRICHMENT CENTERINC CORPORATION (EIN 550735017) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

TIM MORRIS

Phone

3044144400

Tax Period

2023-10-01 to 2024-09-30

SCHOENBAUM FAMILY ENRICHMENT CENTERINC CORPORATION, founded in 1994, is a small nonprofit in the Human Services sector that reported $859K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $977K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF THE SCHOENBAUM FAMILY ENRICHMENT CENTER, INC. IS TO PROVIDE OR COORDINATE NEEDED RESOURCES FOR PEOPLE, FAMILIES, AND BUSINESSES THROUGH INTEGRATED SERVICES, COMMUNITY PARTNERSHIPS, AND OPPORTUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,016

Program Service Revenue $789,661

Investment Income $16,697

Other Revenue $0

TOTAL REVENUE $859,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $552,387

Fundraising Expenses $0

Program Expenses $580,190

Other Expenses $424,569

TOTAL EXPENSES $976,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$859,374	$781,281	+0.1%
Expenses	$976,956	$917,196	+0.1%
Net Income	$-117,582	$-135,915	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$76,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERKLEY BENTLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA CARTER	SECRETARY/TREASURY	1.00	Officer Director	$0	$0	$0
MINDY THORNTON	BOARD MEMBER	1.00	Director	$0	$0	$0
FAZEL SHERE	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM MORRIS	CEO	40.00	Officer	$76,500	$0	$76,500

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$859,374	$976,956	$3,809,774	$-117,582
2023	$781,281	$917,196	$3,855,908	$-135,915
2022	$1,094,419	$891,516	$3,972,880	$202,903
2021	$1,119,509	$979,044	$3,996,737	$140,465
2020	$929,221	$907,130	$3,949,296	$22,091
2019	$648,858	$824,969	$3,854,439	$-176,111
2018	$789,662	$944,130	$4,001,537	$-154,468

SCHOENBAUM FAMILY ENRICHMENT CENTERINC CORPORATION